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April 5, 2005 :: Deferments and Forbearances Topic of Upcoming Chat Event

Media Contact

Borrowers seeking to delay student loan payments due to economic hardships or other reasons can get information about deferments and forbearances during a live interactive chat session scheduled for 6 p.m. April 12.

Titled “Deferments, Forbearances and Default Prevention,” the chat session is sponsored by Mapping Your Future, a college, career and financial aid Web site.

Loan-counseling experts from across the country will be on hand during the chat as participants learn more about deferments and forbearance eligibility, the application process, alternative payment plans, loan consolidation and money management.

Anyone with Internet access can join in the chat by visiting www.mapping-your-future.org. Simple instructions will guide them on how to join the chat.

Mapping Your Future is a national collaborative public service project of the financial aid industry. It brings together the expertise of the industry to provide free college, career, financial aid and literacy services for schools, students and families.

The Mapping Your Future Web site is sponsored by the Oklahoma Guaranteed Student Loan Program (OGSLP) and other guaranty agencies that participate in the Federal Family Education Loan Program.

In Oklahoma, loans for higher education or post-secondary education made to students by private or public lending institutions are guaranteed by the federal government through OGSLP, which is administered by the Oklahoma State Regents for Higher Education.